TRADING LESSONS FOR BEGINNERS 110
(Part 10)
Having studied part 9, let's proceed to part 10
Bearish Candlestick Patterns continues
Shooting star:
The shooting star consists of a candlestick with a long top wick, little or no bottom wick, and a small body, ideally near the bottom. The shooting star is similar in shape to the inverted hammer but is formed at the end of an uptrend
It indicates that the market reached a high, but then the sellers took control and drove the price back down. Some traders prefer to wait for the next few candlesticks to unfold to confirm the pattern.
